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Nicholas owned stock that decreased in value by $20,000 during the year, but he did not sell the stock.He earned $45,000 salary, but received only $34,000 because $11,000 in taxes were withheld.Nicholas saved $10,000 of his salary and used the remainder for personal living expenses.Nicholas's economic income for the year exceeded his gross income for tax purposes.
Numerator
The top number in a fraction that indicates how many parts of the whole or collection are being considered.
Denominator
The bottom part of a fraction that indicates the total number of equal parts the whole is divided into.
Respondents
Individuals who answer questions in a survey or study.
F-ratios
Used in analysis of variance, it compares the variance between groups to the variance within groups, helping determine statistical significance.
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